Energous (NASDAQ:WATT) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Energous (NASDAQ:WATT) in a note issued to investors on Wednesday. The firm set a “sell” rating on the industrial products company’s stock.

Separately, LADENBURG THALM/SH SH downgraded shares of Energous from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $3.50 to $2.00 in a report on Friday, April 5th.

Energous Stock Down 3.6 %

WATT opened at $1.35 on Wednesday. The company has a market cap of $8.21 million, a price-to-earnings ratio of -0.33 and a beta of 2.55. Energous has a 52-week low of $1.30 and a 52-week high of $8.05. The firm’s fifty day simple moving average is $1.86 and its two-hundred day simple moving average is $1.87.

Energous (NASDAQ:WATT) last posted its quarterly earnings data on Thursday, March 28th. The industrial products company reported ($0.81) earnings per share (EPS) for the quarter. The company had revenue of $0.09 million for the quarter. Energous had a negative net margin of 4,077.47% and a negative return on equity of 126.05%. On average, research analysts forecast that Energous will post -3.43 EPS for the current year.

About Energous

Energous Corporation develops wireless charging applications. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency-based charging for electronic devices. Its products are used in building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, and public safety applications.